Price Analysis

Cardano Got Mauled by the Bear; Loses 2.64% in Last 24 Hours

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  • Cardano loses 2.64% over the last one day.
  • The next resistance may come at 0.040 USD.

Cardano has witnessed a 2.64% decline in the value over the last 24 hours, and the final value has now reached 0.038 USD. The four price shifts in this period show huge volatility in the price trend.

Cardano Price Analysis

Cardano initiated the day at 0.039901 USD, and over the next 11 hours, it lost 0.001035 USD to reach 0.038866 USD. This 2.59% decline was followed by a hike of 2.11%, and this pushed the value to 0.039685 USD by 15:42 UTC. Later the value again took a shift to 0.038076 USD by 18:40 UTC, thanks to a 4.05% shift. However, it got strengthened at 18:40, and by 03:12 UTC of today, it managed to go up by 0.000818 USD and reached 0.038889 USD.

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The market cap has also witnessed a major fall in this period. It was standing at 1.019 billion USD on October 06, whereas as per the latest data, it has been down to 1.015 billion USD.

Cardano Price
Cardano Chart By TradingView

Cardano’s 50-day average has maintained its value above the 20-day average line most of the time. However, the current trend seems to have surpassed these two indicators as per the latest data. It may bring some degree of recovery in the upcoming days, but no abrupt change is anticipated.

Cardano (ADA) Resistance & Support Levels
1st Resistance $0.0401
2nd Resistance $0.0409
3rd Resistance $0.0416
1st Support Level $0.0386
2nd Support Level $0.0380
3rd Support Level $0.0372

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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